15, QUEEN ELIZABETH WAY, COLCHESTER, CO2 8QL - £142,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 QUEEN ELIZABETH WAY is a very small terraced house of 69m², built sometime between 1950 and 1966, which could now be worth an estimated £247,394. It was last sold for £142,000 in August 2012, which was around 7% below the average August 2012 terraced price in the Colchester local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was C.

15 QUEEN ELIZABETH WAY Sold Prices

Land registry data shows three sales for 15 QUEEN ELIZABETH WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Colchester local authority area for the corresponding sale date. Two of the three 15 QUEEN ELIZABETH WAY sales were for below the average price, whilst one was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2012 3 AUG	£142,000	£152,945	7% below HPI
2006 31 MAR	£136,000	£148,034	8% below HPI
2004 26 JAN	£124,500	£120,324	3% above HPI

15 QUEEN ELIZABETH WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Colchester local authority area over time, sourced from the HPI. The three 15 QUEEN ELIZABETH WAY sales between January 2004 and August 2012 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2006 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2012 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 15 QUEEN ELIZABETH WAY be worth now?

15 QUEEN ELIZABETH WAY might now be worth an estimated £247,394.

This is based on house price inflation of 74.2%, between August 2012 and October 2025, for terraced houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 74.2% inflationary increase is applied to the most recent sale price for 15 QUEEN ELIZABETH WAY of £142,000 on 3rd August 2012. For the value to have increased from £142,000 to £247,394 over the twelve years and ten months to October 2025, the following assumptions must hold true:

• The value of 15 QUEEN ELIZABETH WAY has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The August 2012 sale price of £142,000 represented a fair market value for the property.
• The size, condition, and specification of 15 QUEEN ELIZABETH WAY has not materially changed since August 2012.

How Large is 15 QUEEN ELIZABETH WAY?

15 QUEEN ELIZABETH WAY is 69m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 10% of terraced houses houses in Colchester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Colchester, and where 15 QUEEN ELIZABETH WAY lies on this distribution: 6% of terraced houses houses are smaller than 15 QUEEN ELIZABETH WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Colchester.

15 QUEEN ELIZABETH WAY: Plot and Title Map

15 QUEEN ELIZABETH WAY sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 15 QUEEN ELIZABETH WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 15 QUEEN ELIZABETH WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 15 QUEEN ELIZABETH WAY?

15 QUEEN ELIZABETH WAY is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 15 on QUEEN ELIZABETH WAY.